Borosil Renewables Ltd receives incentive of Rs. 7.77 crores from GSEM, Department of Science & Technology

Borosil Renewables Limited has received an amount of Rs. 7.77 crores from the Gujarat State Electronics Mission (GSEM), Department of Science & Technology, Government of Gujarat, towards capital incentive, under the Electronics Policy (2016-21) for providing special incentive package to attract investment in the Electronics System Design and Manufacturing (ESDM) Sector.

The Company has received the above incentive in relation to capital expenditure incurred for commissioning its third solar glass furnace (SG-3) at Bharuch plant.

Shares of BOROSIL RENEWABLES LIMITED was last trading in BSE at Rs. 471.75 as compared to the previous close of Rs. 463.65. The total number of shares traded during the day was 30873 in over 2511 trades.

The stock hit an intraday high of Rs. 488.00 and intraday low of 460.00. The net turnover during the day was Rs. 14556881.00.

Source : Equity Bulls

Keywords

BOROSILRENEWABLES INE666D01022 Incentive GSEM